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NEW YORK: Asian shares were set to drift lower on Thursday as concerns about the strength of the recovery from the COVID-19 pandemic remained, even after the U.S. Federal Reserve pledged to hold interest rates near zero until at least 2023.
WELLINGTON: New Zealand fell into its deepest economic slump on record in the second quarter as its battle against the coronavirus pandemic paralysed business activity, official data showed.
WASHINGTON: The U.S. Federal Reserve said on Thursday it would decide by the end of September if it would continue capping bank dividend payments and laid out two hypothetical severe recessions it will use to test further big bank resilience amid the coronavirus pandemic.
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IN Malaysia, there had been concerns with regard to the increasing number of foreigners, especially the unskilled foreign labourers in Malaysia.
SINGAPORE: Singapore Airlines plans to turn one of its grounded jumbo jets into a pop-up restaurant and offer home-delivered plane food as part of a series of initiatives to try an re-engage customers who have not been able to travel due to the coronavirus pandemic.
DURING the pandemic-driven market downturn this year, ESG (environmental, social and governance) funds and indices have outperformed traditional funds and indices, highlighting the opportunities and strengths of sustainable investing.
BENGALURU: Most major housing markets won't keep up with consumer price inflation in 2021 and are faced with multiple downside risks despite rising strongly this year amid the coronavirus pandemic and rock-bottom interest rates, Reuters polls showed.